Facebook profits up 71% as mobile ad sales soar

Facebook profits up 71% as mobile ad sales soar

Facebook's profits climbed 71% to $3.9bn (£3bn) in the second quarter of this year, boosted by an increase in sales of mobile video adverts, figures show.

The social media giant exceeded market expectations, posting a 45% increase in revenue for the three months to June of this year to $9.3bn (£7.1bn), compared with $6.4bn (£4.9bn) for the same period in 2016.

This beat analysts' estimates of $9.2bn (£7bn).

Shares in the world's largest social network, which now has more than two billion regular users, rose by around 4% in after-hours trading.
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